BAN's Private Placement

EDWARD STERCK, BMO Capital Markets (12/13/2010)
"Bannerman has announced that it is in the process of completing an A$15M private placement at A$0.50/share, a 12% discount to today's closing price in Australia. . .Proceeds are to be used to continue to advance the Etango uranium deposit in Namibia and for general corporate and administrative purposes."

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